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11658 Ellice St, Malibu, CA...

Updated Dec 21, 2023

Bilt advertisement
Kevin Booker, Kurt Rappaport, Anthony Mariotti & Judy Lin Sell Malibu SFR For $17.5M
SOLDSingle Family Residence

Kevin Booker, Kurt Rappaport, Anthony Mariotti & Judy Lin Sell Malibu SFR For $17.5M

11658 Ellice St, Malibu, CA, USA

$17,500,000

$1,443/SF

Building Size

12,123 SF

Asset Type

Single Family Residence

Closing

Jul 27, 2021

About this deal

AI

Located in the desirable market of Malibu, the property at 11658 Ellice St. recently underwent a successful sale transaction. This single-family residential (SFR) asset boasts a spacious total area of 12,123 square feet, offering ample space for comfortable living. The property was listed with an asking price of $19,995,000, indicating its prestige and value. Ultimately, the sale closed at a price of $17,500,000, reflecting the negotiations and agreement reached between the parties involved in the deal.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $17,500,000
  • Asking Price: $19,995,000
  • Square Footage: 12,123
  • Price per Square Foot: $1,443
  • Address: 11658 Ellice St.
  • Market: Malibu

The transaction was facilitated by a team of reputable brokers, including Kurt Rappaport, Kevin Booker, Judy Lin, and Anthony Mariotti from EAHomes. Their expertise and professional representation played a key role in the successful completion of the sale. Their combined efforts ensured a smooth and efficient process, benefitting both the buyer and the seller of the property.

Players

Kurt Rappaport

Westside Estate Agency

Broker

$2.2B

vol

60 deals

Broker

Malibu Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $17.5M for 12,123 square feet (2021).

Visit Judy Lin Young to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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